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Dec 12, 2012
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senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press conferences, republicans and democrats traded barbs on the house floor. >> where are the president's spending cuts? the longer the white house slow- walks this process, the closer our economy gets to the fiscal cliff. >> reporter: behind the scenes, progress is being made, but democrats are still arguing they've given ground in previous budget battles. that's one reason they are holding firm on higher taxes now. >> $1.6 trillion in cuts. "where are the cuts?" they are in bills that you, mr. speaker, have voted for. >> reporter: and there were new calls for more tax revenue today. warren buffett, vanguard foun
senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press...
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Dec 10, 2012
12/12
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harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watching what was happening there. >> you wouldn't have to watch the whole thing but somebody could tell you what happened. melissa: grover, thanks so much. here is our "money" question of the day, should grover norquist give into tax hikes? many of you mentioned he is not elected official. we know what you mean. like us on facebook.co facebook.com/melissafrancisfox or foal neon twitter -- follow me on twitter at melissa a francis. detroit is the latest possibility of being latest and biggest city to file for chapter 9 bankruptcy. detroit mayor binge said the city will lay off 400 to 500 workers in the nexx few months. it will take a lot more than that to keep the city from going broke. we're joined by michigan senator rick jones. thanks for joining me, senator, do yoo think if they dot latest layoffs will it satisfy the miles
harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watching what was happening there. >> you wouldn't have to watch the whole thing but somebody could tell you what happened. melissa: grover, thanks so much. here is our "money" question of the day, should grover norquist...
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Dec 13, 2012
12/12
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CNNW
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reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided it. but this was the strategy of the democratic leadership in the senate, and they carried it out for almost three years -- over two years now. >> all right, you said in your op-ed today, and i want to quote you directly. you said, in part, washington has become possessed by the idea that a small group of negotiators, meeting in secret, can solve the deep, painful, and systemic problems plaguing this country with a single grand bargain, produced at the 59th minute of the 11th hour. this is a siren song. i suppose
reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided...
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Dec 11, 2012
12/12
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CNBC
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stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> if we took the president's revenue, we took the republic republicans' spending cuts and we put them together, we'd have a package of more than $4 trillion. >> what i hope boehner does not do is give away the debt ceiling with any kind of deal unless it's the real deal. >> when the government spends money and a lot of these other so-called infrastructure investments, it ends up wasting the money, taking it from the private sector. >> i think we need to do the entitlement issue. >> i'm optimistic we're going to be able to avoid the fiscal cliff, we're not going to go over that. we're not g
stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >>...
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Dec 13, 2012
12/12
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harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a lit
harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have...
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Dec 10, 2012
12/12
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and i think this was a mistake on timing. 33 republicans sent a letter to the majority leader harry reid saying we shouldn't have a negotiation of a treaty during a lame duck session of congress. i disagree with our move here. you had a treaty that was negotiated by my former boss, george w. bush. you had robert dole out there. i think the republicans are upset about diming but again disabilities. most of the major countries around the world have signed this. it should have been done. >> goldie, you in your very being would embody some problems that the republican party has. you're an intelligent woman of color. >> sure. >> what does the republican party have to do to make people like you feel it has something to say to to you? >> you know, i live in the american south and that's ground zero for this modern day gop. what i hear on the ground and i have worked both sides of the aisle. i have been open about that, people know it. >> sure. >> i think there is a policy issue, a set of policy issues, but there's also to a greater extent a messaging issue, and then, you know, in terms of just
and i think this was a mistake on timing. 33 republicans sent a letter to the majority leader harry reid saying we shouldn't have a negotiation of a treaty during a lame duck session of congress. i disagree with our move here. you had a treaty that was negotiated by my former boss, george w. bush. you had robert dole out there. i think the republicans are upset about diming but again disabilities. most of the major countries around the world have signed this. it should have been done. >>...
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Dec 5, 2012
12/12
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harry reid called bennett one of the brightest rising stars in the democratic party. bennett said, quote, this will not be an easy job. also sticking around the executive director from the last cycle, michael bennet he is campaign manager in 2010 will continue to run the committee in 2014. "washington post" reports that ohio democratic congressman tim ryan was arrested in august in virgin virginia for public intoxication. he was arrested august 25 when he was in lexington for a staffer's wedding and misdemeanor's case dismissed yesterday, confirming the arrest and dismissal happening but said the congressman was not intoxicated. the best bet in 2014. maybe now not so much. the latest quinnipiac poll shows voters are far more supportive of same sex marriage than just four years ago in 2008. a majority opposed it. now americans support it 48% to 46%. another new number to note. more than 90% of people polled in south carolina by winthrop university do not consider themselves members of the tea party. even though he hasn't announced his re-election bid. 22% of new yorker
harry reid called bennett one of the brightest rising stars in the democratic party. bennett said, quote, this will not be an easy job. also sticking around the executive director from the last cycle, michael bennet he is campaign manager in 2010 will continue to run the committee in 2014. "washington post" reports that ohio democratic congressman tim ryan was arrested in august in virgin virginia for public intoxication. he was arrested august 25 when he was in lexington for a...
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senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding war for my favorite bank analyst. i love dick bove. speaker he is in purgatory. a billion dollars unauthorized trade was described as a rogue trader. presumption of innocence, he was arrested earlier in the week. take the firm, the firm has been closed down since then. dick bove has been in purgatory. sources are telling us bove reseed essentially 17 offers to join him, he is now down to five, he has contracted form in five firms. he believes he'll be making the decision on which of these five firms he will go to in the coming days. he says he is cl
senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding...
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Dec 10, 2012
12/12
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reid. both democrats wanted to make sure president obama will not freeze them out of fiscal cliff negotiations. far from frozen, some set of republicans appear to be warming to higher tax rates on households earning more than $250,000. if and only if that leads to benefit cuts in health care entitlements like medicare and medicaid. >> give the president the 2% increase that he's talking about, the right increase on the top 2%, and all of a sudden, the shift goes back to entitlements. >> but house republicans, the key to any fiscal cliff deals remains suspicious. >> the president wants the rates to go up, that doesn't solve the problem. we don't want to be back here in another year, in another ten years answering the same questions. >> reporter: the republican co-chairman of the deficit reduction commission said higher tax rates are inevitable. >> if anybody out there who's, quote, rich doesn't think their taxes go up, the drinks are on me. i'll cover it. >> reporter: mr. obama and house dem
reid. both democrats wanted to make sure president obama will not freeze them out of fiscal cliff negotiations. far from frozen, some set of republicans appear to be warming to higher tax rates on households earning more than $250,000. if and only if that leads to benefit cuts in health care entitlements like medicare and medicaid. >> give the president the 2% increase that he's talking about, the right increase on the top 2%, and all of a sudden, the shift goes back to entitlements....
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Dec 13, 2012
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listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what kind of revenue. >> the top 2%. >> what else? >> and the debt limit and-- >> what else. >> and there's plenty. 1.6 trillion and the stimulus, 2 it00, 200 billion. >> i think it was-- >> and --. >> well, joining us now is the man who had that exchange with senator reed from the daily caller. nick, what did you and/or our viewers and myself. what are we supposed to get out of that interview with senator ray reid. >> i went in to the press conference not knowing i'd get a quiz about the details. it was a clear question to the majority leader will you bring the president's plan up for a vote and he clearly did not want to answer it and a
listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what...
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Dec 12, 2012
12/12
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>> well, no, there's a couple of things -- it's like catch 22. you know what we talked about earlier, in real estate, the government has been spending so much money through the fed throwing dollars at willy-nilly all over the board, our land prices have gone up whether we like it or not. number one. number two, at the same time they are going to make the estate tax go up. so we're now to a point where we planned 20 years ago on how we can make sure that we can keep this in the family. let's remember, it's a small business. it is not a jewelry. it is not a big house on a hill. it's a small business that throws off capital for the family. we're facing a fact here that even though we have planned for it the tax could put us out of business and we may have to get rid of it. stuart: it's 2 million dollars under the buffett soros proposal, and the rate on anything you leave in your estate above that starts at 45%. that's flat out confiscatory. it would affect almost all family farms, i think. >> if you think what's happened with the fed printing money,
>> well, no, there's a couple of things -- it's like catch 22. you know what we talked about earlier, in real estate, the government has been spending so much money through the fed throwing dollars at willy-nilly all over the board, our land prices have gone up whether we like it or not. number one. number two, at the same time they are going to make the estate tax go up. so we're now to a point where we planned 20 years ago on how we can make sure that we can keep this in the family....
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Dec 7, 2012
12/12
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senate majority leader harry reid compares republicans to the new york jets quarterback dilemma. harry? >> coach ryan, he's got a provincial he has three quarterbacks. sanchez. he's got a tim tebow, a guy named mcilroy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. >> steve: meanwhile, on the other team, mitch mcconnell firing back quickly at harry. >> no doubt about who the quarterback is on the democratic side. quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions. and moving backward and backward and backward. >> steve: in case missed it, mark sanchez will be the starting quarterback fort jets this week. brian, over to you. >> december 7, 1941, a date which will live in infamy. >> gretchen: 71 years ago marks the anniversary of the attacks on pearl harbor. during that time, our next guest was just a college student. he closed his books, packed his bags and headed off to fight for his country. fly for his country, and bomb for his country. world war ii
senate majority leader harry reid compares republicans to the new york jets quarterback dilemma. harry? >> coach ryan, he's got a provincial he has three quarterbacks. sanchez. he's got a tim tebow, a guy named mcilroy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. >> steve: meanwhile, on the other team, mitch mcconnell firing back quickly at harry. >> no doubt about who the quarterback is on the democratic side....
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Dec 11, 2012
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in the same span of time, harry reid has faced 386. for most of our history, the filibuster was used very sparingly, but in recent years, what was rare has become routine. the exception has become the norm. everything is filibustered. every procedural step of the way, with paralyzing effect. the senate was meant to cool the process, not send it into a deep freeze. still, the democratic majority came into the upper chamber in 2007. the senates of the 110th, 111th, and the current 112th congress have witnessed the three highest total -- totals of filibusters ever recorded. a recent report found the current senate has passed a record low 2.8% of bills introduced. that is 66% decrease from the last republican majority in 2005 and 2006 and a 90% decrease from the high in 1955-1956. so the republicans argue in 2005 an exercise of the constitutional option under the current circumstances would be an act of restoration. an act of restoration. i cannot improve on that statement. we must return the senate to a time when every procedural step was
in the same span of time, harry reid has faced 386. for most of our history, the filibuster was used very sparingly, but in recent years, what was rare has become routine. the exception has become the norm. everything is filibustered. every procedural step of the way, with paralyzing effect. the senate was meant to cool the process, not send it into a deep freeze. still, the democratic majority came into the upper chamber in 2007. the senates of the 110th, 111th, and the current 112th congress...
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Dec 6, 2012
12/12
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reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves closer. i remain optimistic. the president wants a legacy and his legacy depends on this. and two proposals have been put forth. they resemble each other in terms of the amount they've asked for. i give republicans credit. they understand revenue has to be part of the deal. the question remains whether it's marginal rates or limiting deductions. adults should be able to come together and get that deal done. >> what happens here in the short term and long term. the short-term thing's not going to be much of a solution. >> no, i don't think so. and mark halperin, you talk about these deals possibly being $2 trillion. we went $5 trillion in debt over the past four or fi
reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves closer. i remain optimistic. the president wants a legacy and his legacy depends on this. and two proposals have been put forth. they resemble each...